The Methodology of Human Action

The Methodology of Human Action

Vernon Smith has given us a very interesting set of reflections on Mises’ Human Action. In the area of methodology, Human Action might be regarded as a statement of dedicated apriorism, while Smith might be regarded as a dedicated empiricist (of the experimentalist variety). Considering that, Smith displays surprising and commendable open-mindedness toward the book.

___

  • Becker, G.S. (1962) ‘‘Irrational Behavior and Economic Theory.’’ Journal of Political Eco- nomy 70 (February): 1–13.
  • Becker, G.S. (1963) ‘‘Rational Action and Economic Theory: A Reply to I. Kirzner.’’ Journal of Political Economy 71 (February): 82–83.
  • On this issue, see the classic exchange between Becker (1962, 1963) and Kirzner (1962, 1963).
  • Kirzner, I.M. (1962) ‘‘Rational Action and Economic Theory.’’ Journal of Political Economy 70 (August ): 380–85.
  • Kirzner, I.M. (1963) ‘‘Rational Action and Economic Theory: Rejoinder.’’ Journal of Political Economy 71 (February): 84–85.
  • Mises, L. von (1966) Human Action: A Treatise on Economics. 3rd revised ed. Chicago: Henry Regnery.
  • Smith, V. (1999) ‘‘Reflections on Human Action after 50 Years.’’ Cato Journal 19(2): 195– 209.